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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Commercial real estate
178 Bergen Blvd, Woodland Park, NJ 07424-2562
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-2556292
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1945
Construction
FRAME
Total area
2,880 SF
Lot
0.37 ac (15,960 SF)
APN
16 00086-0000-00007
UPID
US59-2556292
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$507k
Blend (final)
Blend
$535k
Owner & transaction history
178 Bergen Blvd LLC · 3 yrs held
178 Bergen Blvd LLC
since 2022
Last sale
$530,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Woodland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodland Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$540,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$630,000
Current use
OFFICE BUILDING
$530,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $530k (Sep 16 2022)
Last sale anchor
$530k
Sep 16 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$186 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$12,034
Tax year 2022
Assessed value
$366,000
Assessed 2023
Previous assessed
$366,000
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$171,700
Assessed improvement
$194,300
Land market value
$171,700
Improvement market value
$194,300
Total market value
$366,000
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1945
Construction
FRAME
Heating
NONE
Stories
2
Total area
2,880 SF
Lot
0.37 ac (15,960 SF)
APN
16 00086-0000-00007
UPID
US59-2556292
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$630,000
OFFICE BUILDING
Est. value
$530,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1945
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
178 Bergen Blvd LLC
Entity
Mailing address
1226 CARLTON TER, UNION, NJ 07083-4111
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
$530,000
178 Bergen Blvd LLC
Hsk Realty LLC
Deed
$530,000 · Hsk Realty LLC
Oct 7, 2015
—
Hsk Realty LLC
Keeley,james J & Elizabeth
Grant Deed
—
Dec 31, 2012
—
James J Keeley
Keeley,james J & Elizabeth
Quit Claim Deed
related
—
Dec 28, 2010
$260,000
James J Keeley
Kathleen Keeley
Deed
related
—
Nov 15, 2005
$425,000
Kathleen Keeley
Robert P Malone
Deed
$220,000 · Mortgage Source Of Nj LLC
—
—
Robert Malone
—
Deed Of Trust
related
$102,000 · North American Mortgage
—
—
Raymond Keeley
—
Deed Of Trust
related
$260,000 · Countrywide Home Loans INC
—
—
Robert P Malone
—
Deed Of Trust
related
$210,000 · North American Mortgage
—
—
Robert Malone
—
Deed Of Trust
related
$212,000 · Washington Mutual Fsb
—
—
John Fonque
—
Deed Of Trust
related
$62,500 · Bailey Investments INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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